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  • Oct 10- U.S. tax preparer H&R Block Inc said it was exploring strategic alternatives for its banking unit to avoid heavy costs associated with stricter supervision under the Dodd-Frank Act. H&R Block, like other companies with small banking units, is under pressure to get out of the business to escape costly oversight by the U.S.

  • Alcoa's shares fall after posting $143M loss in 3Q Wednesday, 10 Oct 2012 | 10:55 AM ET

    NEW YORK-- Shares of Alcoa Inc. fell Wednesday after the aluminum manufacturer reported a third-quarter loss and lowered its 2012 forecast for growth in aluminum demand. THE SPARK: Alcoa said Tuesday that it lost $143 million, or 13 cents a share, in the July-September quarter, largely due to one-time charges.

  • UPDATE 4-Jeans maker True Religion says exploring sale Wednesday, 10 Oct 2012 | 10:55 AM ET

    By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, which has been hit by falling sales after a series of fashion missteps, said it may sell itself after receiving interest from potential buyers. Shares of the company jumped as much as 25 percent to $26.25 in early trading on Wednesday, valuing it at about $680 million.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • Oil prices rise on wholesale stockpiles and sales Wednesday, 10 Oct 2012 | 10:53 AM ET

    NEW YORK-- The price of oil is rising Wednesday after the government reported U.S. wholesalers' sales rose for the first time in four months. Benchmark crude is up 74 cents to $93.13 per barrel in New York morning trading. The national average for a gallon of regular gasoline stayed at $3.81.

  • UPDATE 2-Rabobank weighs bids for asset manager Robeco Wednesday, 10 Oct 2012 | 10:53 AM ET

    *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • Luke Bryan leads American Country Awards nominees Wednesday, 10 Oct 2012 | 10:51 AM ET

    Lady A and Zac Brown Band are next with six nominations apiece, while Swift and Eric Church took five nods each for the third annual fan-voted awards. Bryan, Swift, Lady A, Zac Brown Band and Jason Aldean are up for the night's top honor, artist of the year.

  • Russian Railways adds 12.5 bln rbls to seven-year Eurobond Wednesday, 10 Oct 2012 | 10:50 AM ET

    MOSCOW, Oct 10- Russian Railways continued its drive to raise 100 billion roubles of investment capital this year by adding 12.5 billion roubles to its outstanding seven-year Eurobond issue, one of the deal's arrangers told Reuters on Wednesday. Alongside VTB Capital, J.P. Morgan and Royal Bank of Scotland arranged both deals.

  • US STOCKS-Wall St edges down as Alcoa, Chevron weigh Wednesday, 10 Oct 2012 | 10:50 AM ET

    *Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.

  • CAPE CANAVERAL, Fla., Oct 10- Astronauts plucked a commercial cargo ship from orbit on Wednesday and attached it to the International Space Station, marking the reopening of a U.S. supply line to the orbital outpost following the space shuttles' retirement last year.

  • US crude up $1, tests recent highs as Middle East supports Wednesday, 10 Oct 2012 | 10:46 AM ET

    NEW YORK, Oct 10- U.S. crude futures extended gains to more than $1 on Wednesday, testing resistance at highs from late September and earlier this month just above $93.30, as Middle East tensions continued to support oil prices. November crude was up 80 cents at $93.19 a barrel at 10:41 a.m. EDT.

  • Japan officials stand by airport security measures Wednesday, 10 Oct 2012 | 10:45 AM ET

    TOKYO-- There was nothing unusual about a man who boarded a flight in Osaka and was arrested after landing in Los Angeles wearing a bullet-proof vest and carrying handcuffs, knives and a smoke grenade in his checked-in baggage, a Japanese official said Wednesday.

  • NEW YORK, Oct 10- U.S. natural gas futures traded nearly flat early on Wednesday, with some follow-through buying after the previous day's modest rally underpinning prices despite milder Northeast and Midwest weather forecasts for next week that should slow demand.

  • Alaska village short of water as winter approaches Wednesday, 10 Oct 2012 | 10:42 AM ET

    ANCHORAGE, Alaska-- Inupiat Eskimo villagers in a small Alaska community are facing six long months of melting ice and snow nearly every time they want to cook a meal or bathe, after freezing temperatures hit before workers could fill the village's two large storage tanks with water.

  • UPDATE 2-Dufry bets on Greek tourism with duty-free deal Wednesday, 10 Oct 2012 | 10:39 AM ET

    *Dufry CEO says has contingency if Greece exits euro. ATHENS, Oct 10- Swiss retailer Dufry is to buy the duty-free operations of Greek rival Folli Follie, a rare vote of confidence in an economy deserted by other foreign companies concerned over its future in the euro.

  • UPDATE 1-Roche, Lilly drugs chosen for Alzheimer's trial Wednesday, 10 Oct 2012 | 10:39 AM ET

    Oct 10- Experimental drugs from Roche Holding AG. and Eli Lilly& Co have been selected for a global Alzheimer's disease prevention trial, and a second Lilly drug is being considered for inclusion in the study, Washington University said on Wednesday.

  • Costco's 4Q results top Wall Street expectations Wednesday, 10 Oct 2012 | 10:36 AM ET

    ISSAQUAH, Wash.-- Costco is drawing more shoppers and signing up more new members, helping the wholesale club operator's fiscal fourth-quarter net income and revenue climb. Consumers have been drawn to stores like Costco, BJ's Wholesale Club and Sam's Club because they feel like they are getting bargains by purchasing items in bulk.

  • UPDATE 1-U.S. job openings edge lower, quits hold steady Wednesday, 10 Oct 2012 | 10:35 AM ET

    WASHINGTON, Oct 10- The number of U.S. job openings fell slightly in August, a troubling sign for a labor market that is recovering at a painfully slow pace. Job openings- a measure of labor demand- dropped to 3.56 million from 3.59 million in July, the Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey.

  • NAGOYA, Japan, Oct 10- A Boeing Co official said the planemaker has its sprawling global supply chain under control for its lightweight Dreamliner jet and plans to ratchet up production, a jump in output a Japanese supplier said could expose new supply bottlenecks.

  • US job openings dipped in August from July Wednesday, 10 Oct 2012 | 10:28 AM ET

    WASHINGTON-- U.S. employers advertised slightly fewer jobs in August than July, while they filled the most positions in three months, offering a mixed signal on the job market. The Labor Department said Wednesday that job openings dropped by 32,000 to 3.56 million in August. July's openings were also revised lower.